Page 308 - DMGT104_FINANCIAL_ACCOUNTING

Financial Accounting

Notes To view the Profit & Loss Account
Go to Gateway of Tally > Profit & Loss Account
The Profit & Loss Account is displayed according to the configuration set up for it in F12:
Configure. The Profit & Loss Account is displayed as shown:

The Profit & Loss account is generated and updated immediately from the date of opening of
books till the date of last entry.
Press F2: Period to change the period as required.

Horizontal Form of Profit & Loss Account

The Profit & Loss A/c, by default is in horizontal form. However, you may configure the same
to view in Vertical form by pressing it in F12: Configure. You can view additional information
or toggle to another report using the options available in the Button Bar.

Did u know? Some of the Button Bar options are:

 Select F1: Detailed/Condensed to display more information or condense.
 Change the date of the Profit & Loss Account using F2: Period.
 Add new columns too
 Display the Profit & Loss Account for a different period to compare with the
current one
 Display the Profit & Loss Account in a different currency
 Display a column with Budget figures and analyse variances

 See the effect of different Stock Valuations on the Profit/Loss account.
 Select and compare Profit & Loss of different companies.

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